Silver near record highs as BMO flags rare gold-silver ratio low and retail money floods ETFs
NEW YORK, Jan 16, 2026, 10:00 EST Spot silver dipped 0.3% to $92.50 an ounce on Thursday, after hitting a record $93.57 earlier in the day. Meanwhile, spot gold slipped 0.1% to $4,614.93, according to Reuters. “The dollar index is at a multi-week high and that’s providing a bit of a headwind for gold,” said Peter Grant, vice president and senior metals strategist at Zaner Metals. (Reuters) BMO Capital Markets flagged that the gold/silver ratio—the silver ounces needed to buy one ounce of gold—has dropped to about 50, its lowest since March 2012, suggesting it might be close to a